It's always a good idea to give your accountant direct access to QBO. If not for bookkeeping and/or reconciliation purposes, then your accountant should have access to your QBO file because they know what they need and how to get it for tax preparation and/or planning purposes, they can review data entered for accuracy and compliance and make adjustments as needed, and they know how to fix things easier and quicker. Adding your accountant to QuickBooks Online (QBO) is easy! F

You’re probably holding onto documents that you don’t need to, while also throwing out documents that you might need later. So how long should you keep tax documents? The general rule is a minimum of three (3) years, but six (6) years from filing is a good safe harbor. However, there are exceptions that may require you to keep documents longer.

As a business operating in Delaware, you are required to file, and pay in some circumstances, Delaware Gross Receipts Tax. What is Gross Receipts Tax, what are the tax rates, what's excluded, and how often do you have to file?

Bookkeeping truly is more than just recording income and expenses. A good bookkeeper helps a business with their cash flow and financial...

Whether you use the actual or standard automobile expense option, there are rules to follow to ensure your deduction holds up with the IRS. A mileage log is the number one requirement to claim the automobile expense deduction.

Did your business pay an individual or LLC for SERVICES over $600 in 2024? Services can include accounting, consulting, or repairs – they...